Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
OPEC Refuses to Cut Production, Oil Plunges off the Chart by Wolf Richter • Nov 27, 2014 • 9 Comments It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
Just in Time for Winter: Utilities Face Coal Shortages Due To Rail Congestion by Oilprice.com • Nov 26, 2014 • 3 Comments A harsh winter, like last year’s, could wreak havoc.
Spectacular Fall From Grace For Former Brazilian Oil Tycoon by Oilprice.com • Nov 20, 2014 • 2 Comments And how his downfall is mirrored in Brazil’s current troubles.
Soaring Dollar, Plunging Oil, Crummy Global Growth by Wolf Richter • Nov 20, 2014 • Comments Off on Soaring Dollar, Plunging Oil, Crummy Global Growth In one chart.
Russia-China Gas Deals Could Kill American LNG Exports by Oilprice.com • Nov 19, 2014 • Comments Off on Russia-China Gas Deals Could Kill American LNG Exports With these natural gas deals, Russia turns away from Europe, its largest energy export market. But the move has implications for the US.
How Low Can the Price of Oil Plunge? by Wolf Richter • Nov 13, 2014 • 15 Comments The bloodletting will go on until the money dries up.
Saudi Arabia Aims at US Fracking Industry, Hits Its Own Foot by Wolf Richter • Nov 11, 2014 • 11 Comments And triggered a rout among oil producing nations.
The Major Threat to Some of the Largest Oil Producers by Contributor • Nov 10, 2014 • 10 Comments Saudi Arabia is rattling the oil sector with a price war that many think is aimed at U.S. oil producers. But there’s an easier price war to win: with Canadian tar-sands operators.
